Rewalk Robotics (RWLK) Stock Price Down 8.2%

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Rewalk Robotics Ltd (NASDAQ:RWLK) shares were down 8.2% during mid-day trading on Thursday . The company traded as low as $0.65 and last traded at $0.67. Approximately 667,218 shares changed hands during trading, an increase of 74% from the average daily volume of 383,973 shares. The stock had previously closed at $0.73.

Several analysts have recently commented on RWLK shares. Oppenheimer set a $2.00 price objective on shares of Rewalk Robotics and gave the company a “buy” rating in a report on Friday, August 24th. Zacks Investment Research downgraded shares of Rewalk Robotics from a “buy” rating to a “hold” rating in a report on Thursday, October 25th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $1.85.

The firm has a market cap of $25.92 million, a P/E ratio of -0.68 and a beta of 0.77.

Rewalk Robotics (NASDAQ:RWLK) last released its quarterly earnings data on Thursday, November 8th. The medical device company reported ($0.13) EPS for the quarter, beating the consensus estimate of ($0.14) by $0.01. The business had revenue of $1.62 million for the quarter, compared to the consensus estimate of $2.12 million. Rewalk Robotics had a negative net margin of 365.87% and a negative return on equity of 3,654.32%. Equities analysts expect that Rewalk Robotics Ltd will post -0.67 EPS for the current fiscal year.

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Rewalk Robotics Company Profile (NASDAQ:RWLK)

ReWalk Robotics Ltd., a medical device company, designs, develops, and commercializes exoskeletons for wheelchair-bound individuals with mobility impairments or other medical conditions. The company offers ReWalk Personal for everyday use to paraplegic individuals at home and in their communities; and ReWalk Rehabilitation for exercise and therapy used in hospitals and rehabilitation centers in the United States and Europe.

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